Last day to apply for IPO of Mid-Solu Hydropower

Sep 19, 2023 09:08 AM Merolagani

Today is the last day to apply for initial public offering (IPO) of Mid-Solu Hydropower. 


The company is issuing 621,172 units of shares to the general public after issuing and allocating 14,968 units to employees and 37,420 to mutual funds and 74,084 units to foreign migrated workers from September 1. 

Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares.

ICRA Nepal has assigned BB+ rating to the issue indicating moderate risks.

The company is promoting 9.5 MW Mid Solu Hydropower Project with total estimated cost of Rs 2.08 billion and per MW total estimated cost of Rs 219.3 million.

The payback period of the project is 6.11 years and discounted payback period is 10.87 years.

The company has appointed NIC Asia Capital as issue manager. Interested investors can apply from all C-ASBA approved BFIs and Meroshare.


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